However, not so far away, we had another investor who tried the same strategy and it failed miserably as comps with standalone ADUs were not adding value the same as in the market not so far away.Research your market, even down to the street in various neighborhoods well. 

I am a NJ PM owner and started using Baselane, as well, for its ease of setting up virtual accounts, transaction categorization, and overall organization. 

Purchase price: $925,000 Cash invested: $200,000 13 Unit Multifamily property in the Waveland neighborhood of Des Moines, Iowa.

You can open a business bank account, sign contracts, and handle expenses under the company’s name, keeping everything clean and organized.

@Erick HenningsHouston's emerging neighborhoods include East End, Third Ward, Heights, Spring Branch, Independence Heights, Alief, Cypress, Pearland, Richmond/Rosenberg, and Conroe/Woodlands.

We don't compete, and lower priced neighborhoods still need that service.Everyone starts out with the idea that they are going to work to the highest moral standards, but when you are in the thick of it and you just don't have the cash to close and maybe 10k earnest money on the line, you may start to tell yourself it is legitimate to cancel the deal, after all you have that clause in the contract.

I live in a rural residential neighborhood that has recently been zoned medium density (townhomes).

Hi there @Brandon Brown - We've done this several times....we recently did a 400 amp service for a 4-unit building in Logan Square Neighborhood of Chicago. 

I have a few thoughts on the above neighborhoods...

It spans a few different neighborhoods that are all different so it just depends on the price range and where you are looking for.